What was Pepsi's 2023 Average accounta receeivable for the year?
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- What was the net income for this general accounting question?Crane Company's 2025 financial statements contain the following selected data: Income taxes Interest expense Net income $43000 20000 3.1 times. 6.2 times. 5.2 times. 4.1 times. 61000 Crane's times interest earned for 2025 isK McDaniel and Associates, Inc. reported the following amounts on its 2024 income statement: Year Ended December 31, 2024 Net income Income tax expense Interest expense $ 22,950 6,600 3,000 What was McDaniel's times-interest-earned ratio for 2024? OA. 7.65 OB. 10.85 OC. 9.85 OD. 8.65 point(s) possible ...
- Subject:- AccountingDuring 2019, the company reported net income of $4,212 million, interest expense of $167 million and income tax expense of $1,372 million. During 2018? Based on this information, what is the time interests earned ratio? A. 34.4 B. 34.1 C. 32.2 D. 28.4Begin by calculating the gross profit for each year, then prepare a horizontal analysis of revenues and gross profitlong dash—both in dollar amounts and in percentageslong dash—for 20192019 and 20182018. (Enter amounts in millions as provided to you in the problem statement. Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) McDonald Corp. Income Statement - (Partial) Years Ended December 31, 2019 and 2018 (Amounts in millions) 2019 2018 2017 Revenues $9,575 $9,300 $8,975 Cost of Goods Sold 6,250 6,000 5,890 Gross Profit
- Please describe what is meant by “Times Interest Earned.” How is it calculated? Suppose you calculated this ratio for a company for two consecutive years and the results were the following: year 2018 – 24.0 year 2017 – 28.0 Please interpret the results. What conclusions can you draw?plz helpIn a recent year, Cullumber Corporation had net income of $746000, interest expense of $146000, and a times interest earned ratio of 9. What was Cullumber Corporation's income before taxes for the year? Select answer from the options below $1168000 $943111 $1460000 $1314000
- Required: 1. Calculate the total current assets at December 31, 2021. 2. Calculate the total liabilities and stockholders' equity at December 31, 2021. 3. Calculate the earnings from operations (operating income) for the year ended December 31, 2021. 4. Calculate the net income (or loss) for the year ended December 31, 2021. 5. What was the average income tax rate for the company for 2021? 6. If 48,000 of dividends had been declared and paid during the year, what was the January 1, 2021, balance of retained earnings? Assume that all balance sheet items reflect account balances at December 31, 2021 of ABC Ind, and that all income statement items reflect activities that occurred during the year then ended. Accounts receivable Depreciation expense Land Cost of goods sold Retained earnings Cash Equipment Supplies Accounts payable Service revenue Interest expense Common stock Income tax expense Accumulated depreciation Long-term debt Supplies expense Merchandise inventory Net sales 99,000…Follow up question. Anwser D E F d. Calculate the net income (or loss) for the year ended December 31, 2022 e. What was the average income tax rate for Gary's TV for 2022? F If $26,000 of dividends had been declared and paid during the year, what was the January 1, 2022, balance of retained earnings?What was it's net income in 2022 on these general accounting question?
